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the energy information administration today saying that by 2017 or so, we will be an exporter of natural gas. this on top of what the international energy agency has said about natural gas and the fact we're continuing to grow here with our supplies. back to you. >> all right. thanks so much, sharon. of course, stocks not able to hold on to early gains today. the market is lower right now. look at this. this market is down about 3%, just over 3% since last week's presidential election. many believe it's mainly on worries about looming fiscal cliff. >> here to help us break down the trading day, mark freeman and bob posani. what do you think? do you think we get a resolution in the fiscal cliff that will please the market? everybody believes we're going to get something. will it please the market? >> i think that's a great point. to a certain degree, i'm wondering if we're too fixated on what the details will be as opposed to saying, look, do we get an agreement? when we look at it from the market, that's what's most important to the market. just tell us what the rules are going to be. te
the energy information administration today saying that by 2017 or so, we will be an exporter of natural gas. this on top of what the international energy agency has said about natural gas and the fact we're continuing to grow here with our supplies. back to you. >> all right. thanks so much, sharon. of course, stocks not able to hold on to early gains today. the market is lower right now. look at this. this market is down about 3%, just over 3% since last week's presidential election....
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periods is signs of global demand growth and we're seeing that very visibly from petrol price and other energy price increases. but to a certain extent as well, the food price increases which we're beginning to see, and likely to see more of reflect changinged food presences, increasing prices for wheat even though spikes in corn and wheat prices that we've seen have been largely due to weather factors. but demands are the pressure, as well. >> for anyone trying to figure out what's going organization how sustainable are the inflation rates and are they not going to fall precipitously as the fee hikes come out. >> there will be, but if you look at the university tuition fees, that will be there for three years. it's not just something that will disappear in 12 months time. and that's an important point because when the bank of england presents it inflation forecast tomorrow, it will have to count those increases in fee as a medium term inflation pressure. they'll be there throughout the entirety of hair projections this time around. and then that has some effect on the policy making decisions.
periods is signs of global demand growth and we're seeing that very visibly from petrol price and other energy price increases. but to a certain extent as well, the food price increases which we're beginning to see, and likely to see more of reflect changinged food presences, increasing prices for wheat even though spikes in corn and wheat prices that we've seen have been largely due to weather factors. but demands are the pressure, as well. >> for anyone trying to figure out what's going...
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domestic, abundant, clean energy to power our lives... that's smarter power today. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. >>> welcome back. coming up on halftime, trading the tech wreck. apple's in a slump. now microsoft's sagging. what's going on with the biggest sector in the market? >>> congress is back to work. we chart a road map to a deal on the fiscal cliff. >>> and as retail earnings flood the street, which stocks are worth buying? we've got the list of names you want to know. carl, top of the hour. >> all right, scott. see you in a few moments. >>> meantime, time for another capital markets op-ed. gary, i know you're pay attentiing attention to how the long island power authority story is evolving here in new york. it's amazing to watch. >> yeah, sorry, we didn't have the camera ready. tim, when he tosses to me, we've got to be ready. >> wherever you go, there's no light. that's all i know. >> you know, some pe
domestic, abundant, clean energy to power our lives... that's smarter power today. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. >>> welcome back. coming up on halftime, trading the tech wreck. apple's in a slump. now microsoft's sagging. what's going on with the biggest sector in the market? >>> congress is back to work. we chart a road map to a deal on the fiscal...
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pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for wom breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. liz: welcome back to naples, florida. the cme global leadership conference. the power of wikipedia. admit it, you have been on it 10 times today. extending to the twist of the general petraeus scandal. was it altered anonymously to reveal clues and what does it sathatsay about the power and relevance of wikipedia. we're joined by one of the keynote speakers, jimmy wales. cofounder of wikipedia in a fox business exclusive. does it surprise you that wikipedia is being talked of as part of the general petraeus scandal? >> not really. anytime big news breaks a lot of the community track all the news stories coming out and adding information and things like this. i remember a few years back when a famous pro wrestler died, someone put into his entry that he had
pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for wom breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. liz: welcome back to naples, florida. the cme global leadership conference. the power of wikipedia. admit it, you have been on it 10 times today. extending to the twist of the general petraeus scandal. was it altered anonymously to reveal...
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you are our expert on all things energy. will the obama administration take the plunge and say yes, get out there and frack? >> stuart, i think they already have. if you follow what the president has been saying, and you look at the trends in the oil and gas sector, where last year we had record natural gas production, just yesterday the iea said that the u.s. could surpass the saudis in oil production within five years. the obama administration is on record supporting hydraulic fracturing and recall when the president at the democratic national convention, he mentioned jobs one time, and the industry that he mentioned when he talked about jobs was natural gas. stuart: isn't that -- the fracking that we're doing in america, isn't that taking place on private land, which is not subject to federal regulations? and if you try to do it on federal land, you can't do it because of the regulations imposed by the obama administration. >> well, earlier this year, stuart, the obama administration and the interior department, to be mor
you are our expert on all things energy. will the obama administration take the plunge and say yes, get out there and frack? >> stuart, i think they already have. if you follow what the president has been saying, and you look at the trends in the oil and gas sector, where last year we had record natural gas production, just yesterday the iea said that the u.s. could surpass the saudis in oil production within five years. the obama administration is on record supporting hydraulic...
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> so where do republicans go from here, a week after the party stinging defeat. jack cafferty is following that in the cafferty file. >> wolf, to say the gop needs to do some soul searching in the aftermath of the 2012 election might be putting it mildly. while mitt romney failed to connect with the majority of american voters, the republicans' problem is a whole lot bigger than mitt romney. as one long time republican leader told politico, the gop needs to realize it is too old, too white, too male, maybe even want to add too rich to that. this republican says the party has to figure out how to catch up with demographics of a cha
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> so where do republicans go from here, a week after the...